XRP has formed a clear diamond pattern on the weekly chart, a structure that often signals a bullish continuation. The cryptocurrency currently trades around $1.92. This bullish pattern was shared on X by CryptoBull (@CryptoBull2020), a well-respected analyst who believes a massive surge is imminent.
XRP’s Diamond Pattern
The chart shows a period of consolidation from late 2024 through early 2026, with price action gradually compressing within the diamond boundaries. The digital asset experienced a notable 500% surge in late 2024, pushing it into this pattern.
The formation started with a broadening range that lasted till July when XRP hit its all-time high. This move preceded an extended contraction. Highs and lows have been progressively narrowing, which typically precedes a decisive price movement. If the breakout occurs as projected, it could send XRP toward $6.1, marking a new all-time high.
#XRP formed a diamond pattern, which is a bullish continuation pattern. Price target is $6.10! pic.twitter.com/NAmwGlHB0S
— CryptoBull (@CryptoBull2020) January 26, 2026
XRP Price: Weekly Chart Momentum
Analyzing the weekly candles reveals XRP has maintained support near the $1.9 level while forming higher lows inside the diamond. Green candles dominate parts of the pattern, reflecting buyer interest during dips. Resistance sits near $2.5 to $2.6, representing the upper boundary of the diamond. Breaching this level decisively could trigger the projected move.
CryptoBull emphasizes the structure as a critical point for XRP. The pattern’s compression indicates that market forces are preparing for a significant trend continuation. Historical patterns in similar setups suggest that the breakout could happen rapidly once the price surpasses the diamond’s upper line.
Short-Term Price Behavior
In the near term, XRP is consolidating just above key support. The narrowing of price swings shows reduced volatility, which often precedes a breakout. Traders watching the weekly chart will likely monitor $2 as a psychological barrier. A sustained move above this area could validate the bullish projection to $6.10.
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The weekly perspective shows XRP has been contained within the diamond for several months, with repeated tests of support and resistance. This pattern strengthens the credibility of the projected target, as longer formations tend to produce larger movements upon breakout.
If XRP reaches $6.1, the upside from the current level exceeds 210%. Such a move would represent one of the more significant weekly gains in recent years. Investors could see substantial returns if the breakout occurs as expected.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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